Crypto market cycles: timing your trades for maximum gains on Solana

Understanding the phases of crypto market cycles is something every new trader should learn about right away. These cycles are different from traditional trading, and its similarities can be recognized as hints at times. It can be summarized in 4 cycles:

• Accumulation phase: Prices are low, and is where some traders start buying.
• Markup phase: Prices begin to rise, attracting more buyers and increasing market activity.
• Distribution phase: Early investors sell their holdings to lock in profits as prices peak.
• Markdown phase: Prices fall as more investors start selling off their assets.

General tips for trading:

• Buy during the accumulation phase to position yourself early for potential gains.
• Take advantage of rising prices during the markup phase.
• Secure profits during the distribution phase to capitalize on market highs.
• Mitigate losses during the markdown phase by reducing exposure.

Note: No financial advice.

Additionally, using stop-loss orders and automation can help in staying ahead of this fast-pace market.